Nissan Is Overhauling Its Board After Two Decades With Renault and Ghosn
- Carmaker trying to strengthen governance after Ghosn’s arrest
- Sharing of costs, technologies needed to fight new competition
Carlos Ghosn, center, sits in a vehicle as he leaves his lawyer's office in Tokyo on March 6.
Photographer: Takaaki Iwabu/BloombergThis article is for subscribers only.
Nissan Motor Co. is set to adopt a new governance structure aimed at preventing the pitfalls of concentrating power in the hands of a single executive.
The shock arrest of former Nissan Chairman Carlos Ghosn for financial crimes in November spurred the automaker to set up an external panel to review its corporate governance. The committee’s seven members will issue their findings late Wednesday, which coincides with the 20th anniversary of Nissan’s alliance with Renault SA that brought the auto-industry titan to Nissan.